The Cooper Companies, Inc. Common Stock (COO)
Debt-to-assets ratio
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,548,000 | 2,520,400 | 2,347,100 | 1,396,100 | 1,383,900 |
| Total assets | US$ in thousands | 12,315,200 | 11,658,900 | 11,492,300 | 9,606,200 | 6,737,500 |
| Debt-to-assets ratio | 0.21 | 0.22 | 0.20 | 0.15 | 0.21 |
October 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,548,000K ÷ $12,315,200K
= 0.21
The debt-to-assets ratio of The Cooper Companies, Inc. Common Stock has fluctuated over the past five years, indicating varying levels of leverage and financial risk. In 2024, the ratio stands at 0.21, slightly lower than the previous year's 0.22. This suggests that the company has effectively managed its debt compared to its total assets in the most recent fiscal year.
Looking back, in 2023, the ratio was slightly higher at 0.22, indicating a slightly higher proportion of debt relative to assets compared to 2024. In 2022, the ratio was at 0.20, showing a moderate level of leverage. However, in 2021, there was a significant drop in the ratio to 0.15, signaling a relatively lower reliance on debt to finance assets that year.
The debt-to-assets ratio then increased back to 0.21 in 2020, bringing it back to a similar level as in 2024. Overall, these fluctuations in the debt-to-assets ratio suggest that The Cooper Companies, Inc. Common Stock has been managing its debt levels prudently over the years, maintaining a reasonable balance between debt and assets to support its operations and growth.
Peer comparison
Oct 31, 2024